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Official Web Site (South Dakota Unclaimed Property) (Visit this siteExternal Link to Official Web Site (South Dakota Unclaimed Property))

Every year, the South Dakota State Treasurer collects over $5 million in unclaimed property. Under South Dakota Unclaimed Property Act, property becomes "unclaimed" when the owner does not respond to attempts by the holder of the asset to activate the account within the dormancy period. The dormancy period ranges from 1 to 15 years depending on property type.

Unclaimed property is any financial asset that has not had any owner-generated activity for an extended period of time. This includes the following:

  • savings accounts
  • checking accounts
  • unpaid wages
  • unpaid commissions
  • stocks
  • uncashed dividend checks
  • customer deposits
  • customer overpayments
  • certificates of deposit
  • credit balances
  • refunds
  • money orders
  • paid-up life insurance policies
  • uncashed benefits checks
  • gift certificates.

    The Treasurer holds these unclaimed assets in trust until the rightful owner (or heir) can be located. There are no fees to return property to the owner.

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    Added: Tue Jul 11 2006

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